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Dec 28, 2012
12/12
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i hope you are working on the fiscal cliff. mr. speaker, lamentably and must tell them we are not working. we are not here. we're not addressing the challenges i have just mentioned. mr. speaker, i would hope that the speaker of the house would call us back immediately to address these challenges. we have four days left before the end of this year. before all those items that i spoke about expire. the sequester happens the second of january. we ought to be working here, mr. speaker. we are not. this is a pro forma session. as a set at the beginning, a pro forma session is a session without substance and without solutions. i would urge the speaker of this house to call us back into session, to do what america expect us to do, address the challenges and find solutions. come to agreement. make compromises. make democracy and america work. give confidence to our people and to our economy. i hope, mr. speaker, that the speaker will do that. and will do it today. i yield back the balance of my time. [captioning performed by national capt
i hope you are working on the fiscal cliff. mr. speaker, lamentably and must tell them we are not working. we are not here. we're not addressing the challenges i have just mentioned. mr. speaker, i would hope that the speaker of the house would call us back immediately to address these challenges. we have four days left before the end of this year. before all those items that i spoke about expire. the sequester happens the second of january. we ought to be working here, mr. speaker. we are not....
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Dec 23, 2012
12/12
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situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting people back to work. >> a lot of the arguments that you made [inaudible] [inaudible] >> the president and i had a series of conversations. i told president these were my the president told me his revenues, $850 billion in line. he could not go any further. so we see a situation where, because of the political divide in the country, because of the divide here in washington, trying to bridge the differences has been difficult. if it were easy, i guarantee this would have been done decades before, but we have to find a way to a
situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting...
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Dec 13, 2012
12/12
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this current fiscal cliff has been coined by the press. this is not the real fiscal cliff. a total economic collapse of this nation if we do not stop spending. it does not not -- does not matter how they get the taxes. our current tax system, if we could tax people and spend more money than we bring in, then we are headed toward -- to a total collapse in the country. that is the real fiscal cliff. it is not going to happen january 1. it will happen sometime in the future. i do not see this administration really dealing with it. the policies of barack obama and his administration will really put us off the fiscal cliff. we are headed towards the depression. worse than the 1930's. spending will -- we have to stop the spending. let's stop taxing people. any higher than they have already been taxed. i would like to lower tax rates and lower taxes. get rid of corporate taxes, dividend taxes and capital gains taxes. let's have a policy that will really stimulate the economy and create millions of new jobs, bring de. we would create millions of new jobs. we would start raising up
this current fiscal cliff has been coined by the press. this is not the real fiscal cliff. a total economic collapse of this nation if we do not stop spending. it does not not -- does not matter how they get the taxes. our current tax system, if we could tax people and spend more money than we bring in, then we are headed toward -- to a total collapse in the country. that is the real fiscal cliff. it is not going to happen january 1. it will happen sometime in the future. i do not see this...
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Dec 27, 2012
12/12
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caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and social security withholding. it is going to cost the average person a lot of money. i don't think there's any doubt that the fiscal cliff is bad. host: what did your notice say? caller: it said that tax tables will be used for 2013 and that you can expect that your check will be greatly impacted by the increased taxes and social security withholding. host: who do you work for? caller: the state of montana. host: david in pasadena, maryland. caller: good morning. i think if you change the name, it might give a better perspective. it should be called the bush giveaway fiscal cl
caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and...
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Dec 13, 2012
12/12
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the fiscal cliff contains $5 trillion in revenue, just a side here, if the fiscal cliff were to allow to happen and we want to make sure it doesn't, we would over the 10 year period overachieve on the simpson bowles goals. we would overshoot them. now, we don't want to do it that way because it too much, too fast, and in the wrong way. the other component in the fiscal cliff is the sequester cuts. so that's why you see the president's proposal lined up as it is. it has $1.6 in revenue aton of the cuts we already did. in terms of -- just in terms of entitlement reform, i want to go back to what i see is a different philosophical approach. we began this effort in the affordable care act. we did save $116 billion. how did we do it? we ended the overpayments to the private insurance companies. they were being subsidized on average at 114%. we also began to change how we reimburse providers to encourage them to provide better care. we're dealing with dual eligibilities differently. the united states spends 18% of our g.d.p. on health care and its rising. there are not measurably better hea
the fiscal cliff contains $5 trillion in revenue, just a side here, if the fiscal cliff were to allow to happen and we want to make sure it doesn't, we would over the 10 year period overachieve on the simpson bowles goals. we would overshoot them. now, we don't want to do it that way because it too much, too fast, and in the wrong way. the other component in the fiscal cliff is the sequester cuts. so that's why you see the president's proposal lined up as it is. it has $1.6 in revenue aton of...
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Nov 14, 2012
11/12
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we have had people for the last 24 hours giving their opinions on the fiscal cliff and the fiscal cliff negotiations and what should happen. we are expecting you now to tell us exactly what is happening. >> listen, i think we all need to accomplish two things as we approach the fiscal cliff. one, do everything we can to avoid it both in terms of the sequester peace and also the tax peace. then create a structure where we can deal with the big issues, the big fiscal challenges over the next six to nine months. it will be very useful if we can least agree to a framework structure. one is to make sure we can accelerate in what has been a slow recovery. at the same time, act now to put our long term deficit on a sustainable downward path. act now on both. by now i mean first avoid the fiscal cliff, and then get into the next six-nine months in a structured way. >> several people have pointed out the democrats have the advantage in the fiscal cliff. is there any possibility you would go over in order to force action if necessary? >> there is no desire to go over the fiscal clef. >> is there
we have had people for the last 24 hours giving their opinions on the fiscal cliff and the fiscal cliff negotiations and what should happen. we are expecting you now to tell us exactly what is happening. >> listen, i think we all need to accomplish two things as we approach the fiscal cliff. one, do everything we can to avoid it both in terms of the sequester peace and also the tax peace. then create a structure where we can deal with the big issues, the big fiscal challenges over the...
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Aug 29, 2012
08/12
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fiscal cliff. we believe that the majority of teachers in america know that our system must be reformed, to put students first so that america can compete teachers do not teach to become rich or famous. the teeth because they love children. [cheers and applause] -- they teach because they love children. [cheers and applause] we believe we should honor and do good for the good ones, demanding accountability, demanding higher standards, and demanding the best teacher in every classroom in america. [cheers and applause] get ready. here is what they believe. they believe the educational savages will only put themselves ahead of children, that self- interest will always trump common sense, they believe in pitting unions against teachers, educators against parents, lobbyists against children. they believe in teachers' unions. we believe in teachers. [cheers and applause] we believe that, if we tell the people the truth, that they will act bigger than the pinnace we see in washington, d.c. we believe it i
fiscal cliff. we believe that the majority of teachers in america know that our system must be reformed, to put students first so that america can compete teachers do not teach to become rich or famous. the teeth because they love children. [cheers and applause] -- they teach because they love children. [cheers and applause] we believe we should honor and do good for the good ones, demanding accountability, demanding higher standards, and demanding the best teacher in every classroom in...
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Dec 31, 2012
12/12
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you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today frustrated, embarrassed, and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are, and we have got to do something. if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come d
you can follow this at our fiscal cliff page at c- span.org/ficalcliff. joe manchin introduced a new bill that he said it would soften the impact of going over the fiscal cliff. he calls it deep cliff alleviation at the last minute -- he says he is not happy to write it. here is what he said at the floor. >> thank you. i will first of all thank both of my colleagues for the diligent work -- they have committed themselves to this work and i appreciate it. mr. president, i rise today...
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Dec 12, 2012
12/12
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the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also really about the president's campaign not this -- not just this past election but his first election to hike taxes on the successful. we have to see some real leadership on the longer-term budget unsustainable issues. what we do not need is negotiating in the political theater. when we see that stop, that we know we will be serious about whether we will resolve the fiscal class -- cliff and have some large down payment. when it comes to republicans and conservatives, there are three things to bearer in mind. one is the house republicans they were elected to cut spendin
the fiscal cliff is more than -- is not about the fiscal cliff at all. this fiscal cliff is about other things. there are a number of things that need be addressed. this discussion really is not about the fiscal cliff, per cent. congress and the president can come together quickly and pass a bill that would put off the fiscal cliff, he there for some large amount of time or even indefinitely. it really is about making a down payment on closing deficits in the future. i would say it is also...
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Sep 14, 2012
09/12
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again, the fiscal cliff, the uncertainty about the fiscal cliff, is one of the head winds, but i am sure there are many others. we do not try to differentiate among them. if the fiscal cliff does occur -- i hope it won't, and suspect it won't, but if it does here, and gives the kind of impact the congressional budget office is talking about, i do not think the federal reserve has the tools to offset that. we would have to rethink at that point. we have taken the steps we have taken now because we would like to see the economy does a more momentum. the better momentum it has, the better place we are in to deal with any shocks that might come down the road. >> marcy gordon, associated press. and one of the aspects we have seen in recent reports on unemployment is the shrinking labor force. is that something of specific concern to you? what does it tell us about the labor market and the economy? >> you are absolutely right. as i mentioned earlier, the unemployment decline last month was more than 100% accounted for by declines in participation. some decline in participation is anticipated,
again, the fiscal cliff, the uncertainty about the fiscal cliff, is one of the head winds, but i am sure there are many others. we do not try to differentiate among them. if the fiscal cliff does occur -- i hope it won't, and suspect it won't, but if it does here, and gives the kind of impact the congressional budget office is talking about, i do not think the federal reserve has the tools to offset that. we would have to rethink at that point. we have taken the steps we have taken now because...
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Dec 24, 2012
12/12
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what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal. their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we w
what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal....
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Dec 9, 2012
12/12
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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Dec 7, 2012
12/12
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eye 107
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it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way through the pacific and a little girl who died as a result of an atomic bombing. it is unimaginable what that must of been like to be close to that center were that fireball originated. >> follow the journey to hiroshima sunday on american history tv. that is the 9:00 p.m. eastern. >> at a hearing on the so-called fiscal cliff, economists agree the problem has to be resolved immediately to avoid pushing the country into recession. they disagreed on how to raise the needed revenue. center bob casey chairs this joint economic committee hearing. it is an hour an
it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way...
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Dec 27, 2012
12/12
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on the fiscal cliff, how does that affect people that are selling? guest: the capital gains tax rate will be rising to 20%. there is an exemption. the first half million dollars will not qualify as additional capital gains. for most homeowners, if we have fiscal cliff, the selling of the home, there will not be a cowboy gains taxes associated with it. -- capital gains taxes associated with. that would fall under the exemption of half a million dollars for most families. host: we have a tweet from boringfileclerk. guest: enlarge tax increase and large number of middle class families and they will be hesitant to buy a home. it will certainly not help the housing market recovery. host: are subprime loans still being marketed? guest: for a subsection of the population, perhaps it is -- say a young couple, one is a medical doctor and one is a lawyer, graduated with high debt. people can see to have high income potential. but the current income is low. in mortgage that does not qualify as standard may be for this family. the problem was, the subprime loan
on the fiscal cliff, how does that affect people that are selling? guest: the capital gains tax rate will be rising to 20%. there is an exemption. the first half million dollars will not qualify as additional capital gains. for most homeowners, if we have fiscal cliff, the selling of the home, there will not be a cowboy gains taxes associated with it. -- capital gains taxes associated with. that would fall under the exemption of half a million dollars for most families. host: we have a tweet...
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Nov 8, 2012
11/12
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eye 103
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princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner tax code, we can get our country is stronger, healthier economy. that means more revenue, which is what the president wants. because the american people expect us to find common ground, we are willing to except additional revenue by way of tax reform. there is a model that supports economic growth. in 1986, with a democrat house, and a republican president named ronald reagan. in 1986, there were skeptics who doubted the economic benefits of tax reform. those skeptics were wrong. a stanford economist said the 1986 reform is the sort of an unsung hero of the good economic times we have had for a long
princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner...
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Nov 23, 2012
11/12
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for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain. host: let's get to phone calls. karen from the illinois. democratic caller. caller: i was wondering why the post office is the only business that has to prepay way in advance? the republicans -- run that throned on a lame duck session? if they would go in and take it away, the post office would not be in the shape it is in. guest: the caller makes a pretty good point. the negotiators are trying to not eliminated but maybe give a -- reduce the amount of prepayments that are required. to reduce it a good amount -- the majority might be
for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain....
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Nov 25, 2012
11/12
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janet talked about the fiscal cliff. we are in the midst of a wide range of discussions about what the economy is going to look like going forward and what kind of changes need to be made. i want to call for an elimination to the ceiling for tax deductions on student loans. as you know, there is a limit on what one person can earn and still deduct the interest on their student loan payments. let's reward people who have taken the time to invest in themselves and say, once you have a vested up to a certain number, you can no longer give that deduction. going to glad to school and medical school is more expensive and we need to encourage people to take on graduate school and not use money as a barrier to keep them out. i will close if there. thank you. >> i may have to talk to you about that. that is an interesting idea you had at the end. >> i look forward to hearing about it today on msnbc. >> let's not push it. >> we go to these things all the time where education is important and children all -- children are our future
janet talked about the fiscal cliff. we are in the midst of a wide range of discussions about what the economy is going to look like going forward and what kind of changes need to be made. i want to call for an elimination to the ceiling for tax deductions on student loans. as you know, there is a limit on what one person can earn and still deduct the interest on their student loan payments. let's reward people who have taken the time to invest in themselves and say, once you have a vested up...
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Dec 13, 2012
12/12
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the threat of the fiscal cliff is real. we need to come together and pass a balanced package that continues building for a clean energy future. i yield back the balance of my time. the speaker pro tempore: the chair lays before the house an enrolled bill. the clerk: h.r. h.r. 2467, an act to take serl federal lands in mono county, california, into trust for the benefit of the bridgeport indian colony. the speaker pro tempore: pursuant to clause 8 of rule 20, the chair will postpone further proceedings today on motions to suspend the rules on which a recorded vote or the yeas and nays are ordered or on which the vote incurs objection under clause 6 of rule 20. record votes on postponed questions will be taken later. for what purpose does the gentleman from utah seek recognition? mr. chaffetz: mr. speaker, i move that the house suspend the rules and pass h.r. 4053 as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: union calendar number 509, h.r. 4053, a bill to intensify efforts to id
the threat of the fiscal cliff is real. we need to come together and pass a balanced package that continues building for a clean energy future. i yield back the balance of my time. the speaker pro tempore: the chair lays before the house an enrolled bill. the clerk: h.r. h.r. 2467, an act to take serl federal lands in mono county, california, into trust for the benefit of the bridgeport indian colony. the speaker pro tempore: pursuant to clause 8 of rule 20, the chair will postpone further...
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Nov 14, 2012
11/12
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take a store with the fiscal cliff is. guest: it is all these different things, a lot of consumers face. one thing i thought was right about that usa today story is that it lays out how it will affect consumers. and about 90% of all americans could face potential increases in their tax bills. that could be everything from the payroll tax holiday expiring and seeing as paychecks go up. to seeing your individual tax in it, rate go up. and so these are a lot of different things that affect people's pocketbooks. and this is a big deal. especially to happen right after the election. >host: your reporting is as 90 percent of americans could be affected. guest: it would affect a lot of people a lot of different ways. people in the upper income brackets would face the largest amount of tax increases. because they pay the most income taxes. but everyone would see their payroll tax go up, other individual income tax, taxes on investment in, are at stake. and for corporations and businesses, they are concerned because there are a lot
take a store with the fiscal cliff is. guest: it is all these different things, a lot of consumers face. one thing i thought was right about that usa today story is that it lays out how it will affect consumers. and about 90% of all americans could face potential increases in their tax bills. that could be everything from the payroll tax holiday expiring and seeing as paychecks go up. to seeing your individual tax in it, rate go up. and so these are a lot of different things that affect...
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191
Jul 27, 2012
07/12
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we are already to hit a fiscal cliff. i say they for fit and do something. host: how likely is that? guest: not very likely. there is an election coming. politicians want to go home and campaign. the threat of skipping a vacation is nice and it makes headlines sometimes. for good or bad, they are leaving town. host: our guest, ben weyl, is a graduate of a college in iowa. he has been reporting on capitol hill. guest: i was in iowa for the 2004 iowa caucus. we had john kerry and howard dean coming through. it was pretty exciting. host: the do know he would come to washington? guest: i was pretty -- did you know you would come to washington? guest: i was pretty sure. host: good morning. are you there? caller: can you hear me? thank you for taking my phone call. i am going to be brief. i have a few statements i wanted to make. but people are trying to put stuff on barack obama and romney is not even in there. the blade is on the congress and senate to straighten this stuff out. on the comment that the president made about -- nike was started by the federal gove
we are already to hit a fiscal cliff. i say they for fit and do something. host: how likely is that? guest: not very likely. there is an election coming. politicians want to go home and campaign. the threat of skipping a vacation is nice and it makes headlines sometimes. for good or bad, they are leaving town. host: our guest, ben weyl, is a graduate of a college in iowa. he has been reporting on capitol hill. guest: i was in iowa for the 2004 iowa caucus. we had john kerry and howard dean...
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Nov 7, 2012
11/12
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princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner tax code, we can get our country is stronger, healthier economy. that means more revenue, which is what the president wants. because the american people expect us to find common ground, we are willing to except additional revenue by way of tax reform. there is a model that supports economic growth. in 1986, with a democrat house, and a republican president named ronald reagan. in 1986, there were skeptics who doubted the economic benefits of tax reform. those skeptics were wrong. a stanford economist said the 1986 reform is the sort of an unsung hero of the good economic times we have had for a long
princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner...
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141
Aug 23, 2012
08/12
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it does seem there is a fiscal cliff. i think the economy falling off to the recession is highly likely. i am an independent. i voted republican and democrat since i was old enough to vote. i would like to appeal as an independent who mostly votes democrat -- i would like to point out to obama supporters, you might take this into consideration. the commander in chief is related to congress. it is congress that makes a lot of decisions that actually controls us. government is an enormous thing both federally, statewide, citywide, and countywide. i think as much as i am having to hold my nose to support mitt romney, i realize my problem with mitt romney is he is a republican and i do not like a lot of things republicans a. however, one must admit obama has failed to lead it. if i may continue quickly, ronald reagan used the bully pulpit with tip o'neill as the speaker in the '80s, he was able to get things done. likewise, president clinton was also able to get things done. there is no peacekeeping -- i will wrap it up. ther
it does seem there is a fiscal cliff. i think the economy falling off to the recession is highly likely. i am an independent. i voted republican and democrat since i was old enough to vote. i would like to appeal as an independent who mostly votes democrat -- i would like to point out to obama supporters, you might take this into consideration. the commander in chief is related to congress. it is congress that makes a lot of decisions that actually controls us. government is an enormous thing...
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Jul 24, 2012
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it is not that she wants to go over the fiscal cliff. the democrats would like to avoid going over the fiscal cliff. what we said is there is a very easy way to do that. at the end of the year of the tax cuts expire, all of them from 2001-2003, so that all income groups. we said instead of waiting until we get there, let's act now and extend tax relief for middle income taxpayers. republicans say we won't do it now unless you decide today to provide tax breaks to folks at the very top. we think that is not fiscally responsible. host: she said -- guest: exactly right. unless we can get a balanced deal, which is what the american people one according to almost every survey, which is what the bipartisan commission has called for, that all called for balance of deals, meaning if we reduce our long-term deficit, a combination of spending cuts but also revenues -- if we cannot get a balance deal, then we will have to deal with this issue in january but we could get a balanced deal right now if republicans would abandon their pledge to grover n
it is not that she wants to go over the fiscal cliff. the democrats would like to avoid going over the fiscal cliff. what we said is there is a very easy way to do that. at the end of the year of the tax cuts expire, all of them from 2001-2003, so that all income groups. we said instead of waiting until we get there, let's act now and extend tax relief for middle income taxpayers. republicans say we won't do it now unless you decide today to provide tax breaks to folks at the very top. we think...
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Nov 19, 2012
11/12
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we're talking about the fiscal cliff. caller: i'm a political independent and have been for 15 years. the comeback initiative is funded through several sources first. we get a grant from the peterson foundation. we have individuals of different groups. i dedicate all of my riding fees to the comeback america initiative. those are the sources of our funding. you can go to our website which is keepingamericagreat.org. we will be filing a tax form that is disclosing. host: does that help you? caller: no, that is a big spin. who is your top donor? guest: i just told you it is a foundation, the peterson foundation. we have other donors as well. all of my speaking and writing fees, which are several hundred thousand dollars a year, go to the nonprofit. that is the source of our funding. host: tell us to pete peterson is. caller: during the nixon administration, he has a significant experience in the public and private sector and lives in new york city. host: how about a question or comment on the budget talks in the fiscal clif
we're talking about the fiscal cliff. caller: i'm a political independent and have been for 15 years. the comeback initiative is funded through several sources first. we get a grant from the peterson foundation. we have individuals of different groups. i dedicate all of my riding fees to the comeback america initiative. those are the sources of our funding. you can go to our website which is keepingamericagreat.org. we will be filing a tax form that is disclosing. host: does that help you?...
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Dec 24, 2012
12/12
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fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. th
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will...
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Dec 17, 2012
12/12
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what does the fiscal cliff mean to federal police? guest: all the things that have preceded this so-called crisis have meant a lot to federal police. federal employees have already sacrificed tremendously to demands for deficit-reduction. leaving aside whether deficit reduction is desirable or necessary, federal employees have already been forced to give up $103 billion worth of compensation. that is certainly the context in which we are absolutely demanding that not another penny come out of this work force. federal employees have had a two-year pay freeze, which was extended an additional pre months. federal employees hired after january 1, 2013 will pay four times more for their pension benefits. just in case anybody is trying to think about a lot of the false rhetoric that has been tossed around in this town about federal employees' compensation, the fact of the matter if is 96% of private- sector workers who have a pension like the federal government, they pay zero. now the new employees will pay a 41 times more. we have already
what does the fiscal cliff mean to federal police? guest: all the things that have preceded this so-called crisis have meant a lot to federal police. federal employees have already sacrificed tremendously to demands for deficit-reduction. leaving aside whether deficit reduction is desirable or necessary, federal employees have already been forced to give up $103 billion worth of compensation. that is certainly the context in which we are absolutely demanding that not another penny come out of...
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Oct 18, 2012
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-- congressional connection poult looking at the so-called fiscal cliff. next, independent caller from virginia. caller: i hear what you're saying about the sequestration, but we talk about small business -- if you go into business, one of the first things you find out is whoever you rented the building from, they are going into business with you because they are going to charge you so much money for rent. taxes are not really the problem. it is what people charge. here is the irony of it all, you go into a business and take a building that is a run-down piece of property and they charge $3,000 a month -- if you do not go into that business, that person would be using that same $3,000 that he is not making as a tax deduction. in reality, you're dealing with greed in our society. [indiscernible] people say, why are they not using those buildings? they are not using those buildings because it is a tax deduction. thank you. guest: well, i am not entirely sure i follow that. because if you use the building, you're getting deductions as part of your business. i
-- congressional connection poult looking at the so-called fiscal cliff. next, independent caller from virginia. caller: i hear what you're saying about the sequestration, but we talk about small business -- if you go into business, one of the first things you find out is whoever you rented the building from, they are going into business with you because they are going to charge you so much money for rent. taxes are not really the problem. it is what people charge. here is the irony of it all,...
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Dec 8, 2012
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and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and then we will open that up to you and hopefully get to all of your comments and questions. if we will start with president sullivan. >> thank you. i am delighted to be here this evening because the topic is important panelists are interesting, but also because this conference recognizes mort kaplan, a great benefactor of uva, and i am pleased to have the opportunity to speak on behalf of tonight. we're talking about immigration policy and the ability to extract high skilled immigrants. especially scientists, engineers, business people who contribute to innovati
and he has been very involved in the fiscal cliff negotiations. and before he was a center, but before he was a senator, he was the governor of virginia. and steve case, chairman of the case foundation, a co-founder of america online, a rabbit twitterer -- and i feel like i know every detail of your life, steve, had a relentless proponent on entreneurship. each panelists get sick 5-7 minutes -- each panelist gets a five-seven minutes to discuss the topic, and we will have a conversation, and...
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Oct 20, 2012
10/12
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to avoid the fiscal cliff is about cutting back on spending and balancing our budget. what i am saying to people is that if you are serious about reducing the national debt, we will have to put some kind of plan in place. there should be a shared responsibility from all. we need to pay down our national debt. >> quickly, the highest leaders -- >> when america was attacked on 911, we were all attacked. >> you can either cut spending and try to jack up the prices, but other way can do is to cut spending and an act program policies that will allow businesses to create jobs. >> we want to continue talking about jobs. pedro as the next question. my view in terms of deconductions -- deductions is we should take over the tax code. one of the things i'm optimistic about is next year, the next couple of years, we'll have the potential for real bipartisan cooperation. right now, $500 billion a year is spent just on tax compliance, on lawyers, on account tabt -- on accountants, on wasted expense, that's about the same amount as our entire defense budget. if we simplify the tax co
to avoid the fiscal cliff is about cutting back on spending and balancing our budget. what i am saying to people is that if you are serious about reducing the national debt, we will have to put some kind of plan in place. there should be a shared responsibility from all. we need to pay down our national debt. >> quickly, the highest leaders -- >> when america was attacked on 911, we were all attacked. >> you can either cut spending and try to jack up the prices, but other way...
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Dec 30, 2012
12/12
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taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says our liberties are being weakened. i am so sorry that they tried to discredit him. he makes a lot of sense. he bases his thinking on the founding fathers and their intentions. i am not very clear of the fiscal cliff. i understand that we are in trouble. the middle east situation that is going on is a can of worms. with our economic downturn, i am not so sure about that yet. even things like that mortgages, which is true. >> are you working? caller: i am unemployed, but i do? taxes. i stopped getting it in march of last year because of my health issues. >> unemployment is going to end, that is one of the expir
taking a look at your twitter messages,-tag is fiscal cliff. -- the hash tag is fiscal cliff. >> also, this twitter message from about 30 minutes ago -- >> helen is in northport. you are on the air. caller: good afternoon. i am glad i lived in a country that allows me to make this phone call and speak my mind. i adhered to the u.s. constitution. rep. ron paul was giving his retirement speech and to his credit, to his credit -- to me makes a lot of sense. i believe him when he says...
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Dec 22, 2012
12/12
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when we talk about the fiscal cliff, there are actually two fiscal clefs -- cliff. there are the sequester cuts that are automatic. the attitude has shifted in the last month. most republicans have come to the conclusion that those spending cuts, the sequester, is maybe the only way to get the cuts. the presence seems not to be negotiation -- negotiating on the other cuts. we have not cut government spending in washington for 20 years. host: next up is valerie on our line for democrats. caller: i think we should go off of the cliff. i did not see anything wrong with the clinton years. he was a popular president. people would reelect him if they could. as far as the tea party is concerned, i would not vote for anybody who has anything to do with the tea party. host: why is that? what is it you do not like about the tea party? caller: the tea party is ruining this country. guest: i often hear that attitude. i do not like the tea party. i asked people, what is it you do not like about it? in today's wall street journal, i have an interview with a newly appointed member
when we talk about the fiscal cliff, there are actually two fiscal clefs -- cliff. there are the sequester cuts that are automatic. the attitude has shifted in the last month. most republicans have come to the conclusion that those spending cuts, the sequester, is maybe the only way to get the cuts. the presence seems not to be negotiation -- negotiating on the other cuts. we have not cut government spending in washington for 20 years. host: next up is valerie on our line for democrats. caller:...
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Dec 1, 2012
12/12
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later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa
later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel...
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Sep 11, 2012
09/12
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and go up to 9.1% if we go over this fiscal cliff and stay over this fiscal cliff. there is a scenario, and i'll talk about that a little more maybe later about solution scenarios. there is one that i am impartial towards. i'm partial toward the number. but there is one that says, the fiscal cliff is really more of a fiscal slope. if you go in and start going down all the damage c.b.o. predicts will not occur if you turn around and go right back up. so that's the lay of the land, the history, what we're looking at here, and before i go on and talk about other things, i thought, linda, if it is ok with you, i will see if there is any questions. >> is there any consequence at o.m.b. did not pass its budget transparancy? >> is there any consequence in terms of legal action or something? >> yeah, that, and also, you hear these agencies can't plan for the future, the private sector cannot plan for the future. what is the result of that of not knowing what's coming? >> that's a much bigger question. that has to do with the impact of the fiscal cliff. in your case, by the
and go up to 9.1% if we go over this fiscal cliff and stay over this fiscal cliff. there is a scenario, and i'll talk about that a little more maybe later about solution scenarios. there is one that i am impartial towards. i'm partial toward the number. but there is one that says, the fiscal cliff is really more of a fiscal slope. if you go in and start going down all the damage c.b.o. predicts will not occur if you turn around and go right back up. so that's the lay of the land, the history,...
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Jun 6, 2012
06/12
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, really do need to start thinking about the fiscal cliff and what to do about it. if they do nothing and go over the cliff, the economy is going to be in big trouble and it is going to be very difficult for the federal reserve to get us out. i think he's going to make a really strong point to folks in congress. he is testifying that they need to act. i'm sure he understands they cannot act before the election, but they need to be thinking about this so after the election if they can act quite aggressively and quite quickly. host: mark zandi speaking yesterday. congressman mick mulvaney, the fiscal cliff that he's talking about includes a lot of changes to the tax policy, a bunch of other things that will happen at the end of the year, sequestration and the likes. what is congress' responsibility to stabilize things right now? guest: much more than the fed's responsibility. we have had and is discussions -- we have had candid discussions with his privately and publicly. every time i pressed him on my concerns about inflation and possible negative implications of wha
, really do need to start thinking about the fiscal cliff and what to do about it. if they do nothing and go over the cliff, the economy is going to be in big trouble and it is going to be very difficult for the federal reserve to get us out. i think he's going to make a really strong point to folks in congress. he is testifying that they need to act. i'm sure he understands they cannot act before the election, but they need to be thinking about this so after the election if they can act quite...
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Dec 31, 2012
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there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner comes out georgia. up on the east coast, new york city is for the bankers are and insurance companies and derivatives and the jews that run the media. host: i will stop you on that point. this is from jan. some of you sharing your thoughts on our facebook page as well. one person writes -- host: join us honor twitter page or on our facebook page. rick from charlotte, north carolina. caller: good morning, america and steve. this is a great time to be an american. i think we are all looking forward to the new year. i am a loyal but nervous. -- i am a little bit nervous. mi
there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner...
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Dec 16, 2012
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entire fiscal cliff. i think that probably the underlying assumption that most people took when they made their projections. you are absolutely right, there is a lot of uncertainty right now, and if the fiscal cliff situation turns out to be resolved in a way different from our expectations, i'm sure there will be changed in the forecast. >> can you talk about whether the bond purchases represents a ramping up or easing of that policy? because you will now be adding more to the balance sheet. also, you talk about maintaining substantial improvement in the labor market, and you say you want to take a qualitative approach, but you also want inflation threshold. what do you see in this regard? >> the first part of your question? >> is this an additional stimulus? >> no, i think this is a continue indication of what we said in september. you recall in september, we expressed satisfaction request progress in the labor market. at that point we began the $40 billion per month of purchases. and we said unless we
entire fiscal cliff. i think that probably the underlying assumption that most people took when they made their projections. you are absolutely right, there is a lot of uncertainty right now, and if the fiscal cliff situation turns out to be resolved in a way different from our expectations, i'm sure there will be changed in the forecast. >> can you talk about whether the bond purchases represents a ramping up or easing of that policy? because you will now be adding more to the balance...
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Oct 5, 2012
10/12
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, thinking about things in terms of the fiscal cliff, thinking about things that may have to happen in terms of revenue, in terms of entitlement cuts, in terms of spending cuts, in terms of like the mega challenges facing us between now and december 31, and first part of next year and any possible grand bargain, just sore of what are your -- anything that's top of mind that you think of that is a challenge for either your party or other guys or just sort of wax on, on that for main or two each. >> i will quote a line from a movie that, you know look it happens every so of on. movie that should win best picture did not. and i will pull from a picture that did not. a movie that did not win best picture that year. i don't remember the specific year but it should have won best picture and that's "rocky 3." and that's when mr. t's character was asked, clever lange was asked right before the fight, he said what's your prediction? and he growled into the camera, prediction? pain. you know. look, there's -- there's a lot of things that can happen with the fiscal cliff and end of the year and e
, thinking about things in terms of the fiscal cliff, thinking about things that may have to happen in terms of revenue, in terms of entitlement cuts, in terms of spending cuts, in terms of like the mega challenges facing us between now and december 31, and first part of next year and any possible grand bargain, just sore of what are your -- anything that's top of mind that you think of that is a challenge for either your party or other guys or just sort of wax on, on that for main or two each....
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Nov 25, 2012
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. >> so many of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. >> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> watched mary kay henry, the service employees and national union president today again at 6:00 p.m. on youc-span. >> general, what if the soviets -- soviet union announced tomorrow that if we attack cuba there will be nuclear war? >> that is a serious thing. we're going to be uneasy. something may make these people shoot it off. >> i would want to keep my own people very alert. [laughter] >> it is a fascinating moment. it is amazing that eisenhower tells him to have his people alert, because everyone is completely on edge. kennedy last, and then he says, hang on tight, which is a nice moment that even on this terribly tense day, they're able to joke a little bit with each other. especially during this crisis, i think they have a sense of how lonely it is to occupy that
. >> so many of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. >> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> watched mary kay henry, the service employees and national union president today again at 6:00 p.m. on youc-span. >> general, what if the soviets -- soviet...
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Jul 9, 2012
07/12
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it was created by law in 1917 -- this fiscal to cliff -- -- fiscal cliff -- host: niels lesniewski, what are you hearing from congress in terms of talks going on behind the scenes. if you are not optimistic anything will get done until after the presidential and congressional elections, what is still happening at this point to lead the groundwork question 1 guest: well, there are groups of lawmakers that are working somewhat behind the scenes to try to put together a plan based in part on the simpson-bowles deficit reduction plan that would put together by a group of insiders and outsiders, led by erskine bowles and former senator alan simpson, to try to come up with a deficit reduction package, also using some of the provisions from the so-called gang of six senators. but those plans, in the past that the least, have not gained the favor of leadership, particularly, when not really a ball in the effort, other than senate majority whip richard durbin. so that is sort of the site plan that people are working on, but it does not look like that plan will be coming up right away, although in
it was created by law in 1917 -- this fiscal to cliff -- -- fiscal cliff -- host: niels lesniewski, what are you hearing from congress in terms of talks going on behind the scenes. if you are not optimistic anything will get done until after the presidential and congressional elections, what is still happening at this point to lead the groundwork question 1 guest: well, there are groups of lawmakers that are working somewhat behind the scenes to try to put together a plan based in part on the...
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Sep 28, 2012
09/12
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we need a fiscal policy. this fiscal cliff is also very dangerous. you have tax cuts which will expire at the end of the year when spending programs will expire. americans will face -- those people in the metal in terms of income -- they will face the highest tax increase since world war ii. that will happen in january 1 unless these guys get together and do some kind of a grand bargain or an extension. there is such hatred and they cannot make a deal. the tax cuts will expire. the spending programs expiring is another problem. there are federal programs for health care companies, they get federal dollars so they can do those programs. those programs are going away january 1. they will have to notify employees that their jobs are cut. a host of layoffs at year and as a result of ignoring the fiscal cliff. that is why there is some much talk about it. we're walking on shaky ground. the president has not been able to provide the leadership required to get these groups together, the right and the left. part of the job of the commander in chief has to be
we need a fiscal policy. this fiscal cliff is also very dangerous. you have tax cuts which will expire at the end of the year when spending programs will expire. americans will face -- those people in the metal in terms of income -- they will face the highest tax increase since world war ii. that will happen in january 1 unless these guys get together and do some kind of a grand bargain or an extension. there is such hatred and they cannot make a deal. the tax cuts will expire. the spending...
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Sep 14, 2012
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yes, we're facing a fiscal cliff as some call it. but that doesn't mean the middle class should get pushed over the edge of that cliff. if working and middle class people are going to take a hit in tough times, it shouldn't be to pay for tax breaks for rich folks and millionaires and billionaires and oil companies. it's time for all americans of every economic situation to step up and do what's right for this country. and it's time we have a deal in washington that reflects our values. now, i just want to just elaborate on this a little bit by telling you, mr. speaker, about how the progressive caucus has been bringing experts together to study this issue. this is not just something we thought up. we brought experts in the field, comm economists, people who really focus hard on and have expertise in social security, medicare, medicaid, jobs, how to reduce the military budget in a wise way. we've brought folks together to discuss this. in fact, yesterday was one of the hearings that we've had and the progressive caucus was hard at wor
yes, we're facing a fiscal cliff as some call it. but that doesn't mean the middle class should get pushed over the edge of that cliff. if working and middle class people are going to take a hit in tough times, it shouldn't be to pay for tax breaks for rich folks and millionaires and billionaires and oil companies. it's time for all americans of every economic situation to step up and do what's right for this country. and it's time we have a deal in washington that reflects our values. now, i...
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Nov 14, 2012
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as congress faces this fiscal cliff, the so-called fiscal cliff that everyone is talking about, what are the right conditions to deal? speaker boehner said under right conditions he will be able to bargain. what are those? guest: i'm constantly optimistic. given the urgency we'll find the solution in time. i think it will be irresponsible. i think republicans believe it will be irresponsible for the president or either party to voluntarily drive off this cliff. one i think it's working towards. i think the key is we need smart balance that gets the economy going, generates more revenue as well as smart spending cuts and restraints. we really think those conditions actually gets the economy moving and, you know, it assures our investors that we are trying to get our fiscal house in order. host: will you want to rework the tax code? guest: i think it's absolutely critical. i don't think how we resolve the debt crisis without doing the fundamental tax reform. here's a great example. recent analysis showed if the economy over the last three years -- excuse me -- if the economy over the l
as congress faces this fiscal cliff, the so-called fiscal cliff that everyone is talking about, what are the right conditions to deal? speaker boehner said under right conditions he will be able to bargain. what are those? guest: i'm constantly optimistic. given the urgency we'll find the solution in time. i think it will be irresponsible. i think republicans believe it will be irresponsible for the president or either party to voluntarily drive off this cliff. one i think it's working towards....
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Dec 3, 2012
12/12
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you can tweet with the hash tag "fiscal cliff." you can find all kinds of issues surrounding the so-called fiscal cliff. we have some followers on twitter weighing in. host: do you agree with these comments? guest: i do. i think that is basically true. there is one that was passed during the bush administration which was a low rate for capital gains and dividends. now many democrats view that as a loophole. it was approved by congress last than a decade ago. host: robert from texas is next. caller: thank you. i am retired and i saved money all my life and put it in an ira and put my pension benefits into my ira. if there is a large change, it will not affect me because i don't own stock outside of it. but it will affect everybody in terms of the return they get from the market. people don't realize that change in capital gains and dividends will affect your pension funds and things they can do later on. what would you recommend a person do? guest: there is a debate about how much capital gains and tax rates affect the market. if we
you can tweet with the hash tag "fiscal cliff." you can find all kinds of issues surrounding the so-called fiscal cliff. we have some followers on twitter weighing in. host: do you agree with these comments? guest: i do. i think that is basically true. there is one that was passed during the bush administration which was a low rate for capital gains and dividends. now many democrats view that as a loophole. it was approved by congress last than a decade ago. host: robert from texas is...
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Nov 19, 2012
11/12
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american people have heard a lot about the fiscal cliff. we need to avoid the fiscal cliff. we need to recognize that is a symptom and not the disease. the disease is a large and growing federal deficit that lies ahead. we have to avoid the fiscal cliff and build a bridge to avoid the fiscal abyss. host: what is your level of confidence the fiscal cliff can be avoided? guest: i'm cautiously optimistic. last week was rather disappointing. i think both sides really do want to avoid it. we need to recognize you cannot do a grand bargain in a lame- duck session. we ought to do something to demonstrate that we are serious about fixing these structural problems. we need to separate the wheat from the shaft between what should be extended and what should not be. the real sticking point is what happens with taxes on the wealthy. there are ways to increase the effective tax rate on the wealthy without increasing the marginal tax rates. hopefully they will come to agreement on that with full comprehensive tax reform. host: the phone numbers are on the bottom of the screen for david wa
american people have heard a lot about the fiscal cliff. we need to avoid the fiscal cliff. we need to recognize that is a symptom and not the disease. the disease is a large and growing federal deficit that lies ahead. we have to avoid the fiscal cliff and build a bridge to avoid the fiscal abyss. host: what is your level of confidence the fiscal cliff can be avoided? guest: i'm cautiously optimistic. last week was rather disappointing. i think both sides really do want to avoid it. we need to...
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Dec 31, 2012
12/12
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this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think, wow, slavery was well entrenched. the black people were miserable. the whites were kind of cruel and indifferent. that's actually not true at all. in washington, in washington, they had about 30,000 people then as a city, 12,000 of them were black. the majority of the black people in washington actually in 1830 were free, were not slaves out of the 12,000 black people, slightly more than half were free. >> what led to washington, d.c.'s first race riots in 1835 and what part did francis scott key play. jefferson morley recounts the almost forgotten chapter in american history i
this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think,...
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Nov 8, 2012
11/12
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guest: i think that the second to the fiscal cliff. if all of the bush era tax cuts expire without any renewal, and all of the sequestration, across-the-board spending cuts take place, some economists estimate two, three, four points off of gdp, plunging the country into another recession. the best job plan for the president is making sure those things do not happen, and then after that we will see what he proposes again, whether it is a mix of tax cuts for small businesses and stimulus, but that is the primary focus. host: what about the immigration reform, margaret talev? when does that come up? guest: in some ways it already has. you saw the latino turnout, 70%, which set up latino activists saying basically to obama that you owe us. even states like texas and their future, there is discussion about that, but how have -- how fast will that happen with the fiscal cliff and divisions among the republican base and among the democratic party, moderates against liberals, it is complicated to figure out how big you can go with immigration
guest: i think that the second to the fiscal cliff. if all of the bush era tax cuts expire without any renewal, and all of the sequestration, across-the-board spending cuts take place, some economists estimate two, three, four points off of gdp, plunging the country into another recession. the best job plan for the president is making sure those things do not happen, and then after that we will see what he proposes again, whether it is a mix of tax cuts for small businesses and stimulus, but...
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Dec 31, 2012
12/12
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this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliame
this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more...
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Aug 1, 2012
08/12
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now, these massive and imminent tax hikes are part of the fiscal cliff or jobs cliff as i offer refer to it that we face at the end of the year. the nonpartisan congressional budget office says going over the fiscal cliff could cost america two million to three million jobs. this will be a devastating blow to almost 13 million americans who are unemployed as well as to the middle class americans who have been struggling in the obama economy. now, mr. speaker, the choice to me is obvious. let's pass this bill, let's work toward comprehensive fax reform that creates a simpler, fairer tax code for all americans, most importantly, that creates the jobs we so badly need. i urge my colleagues on the other side of the aisle to reconsider their choice, to increase taxes and destroy over 700,000 jobs. now is not the time to dig the hole we're in any deeper. instead, democrats should take the advice of people like former president clinton and larry sommers and join republicans to stop the tax hike, work to strengthen our economy and get our country back on track. and i reserve the balance of my
now, these massive and imminent tax hikes are part of the fiscal cliff or jobs cliff as i offer refer to it that we face at the end of the year. the nonpartisan congressional budget office says going over the fiscal cliff could cost america two million to three million jobs. this will be a devastating blow to almost 13 million americans who are unemployed as well as to the middle class americans who have been struggling in the obama economy. now, mr. speaker, the choice to me is obvious. let's...